Two Harbors Investment Corp. and CYS Investments, Inc. Announce Closing of Merger
CYS INVESTMENTS (CYS)
Last cys investments earnings: 7/26 04:20 pm
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US:NYSE Investor Relations:
cysinv.com
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Source: Business Wire
NEW YORK--(BUSINESS WIRE)-- Two Harbors Investment Corp. (NYSE: TWO) (“Two Harbors”) and CYS Investments, Inc. (NYSE: CYS) (“CYS”) today announced the closing of the previously announced merger between Two Harbors and CYS. Summary Upon the closing of the merger, each share of CYS common stock was converted into the right to receive 0.4680 newly issued shares of Two Harbors common stock as well as cash consideration of $0.0965 per share. Based on the number of shares of CYS common stock outstanding as of the closing date, approximately 72.7 million shares of Two Harbors common stock and $15 million in cash consideration will be issued to CYS common stockholders in connection with the merger. No fractional shares of Two Harbors common stock will be issued in connection with the merger. Instead, CYS common stockholders will receive cash in lieu of any fractional
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